Knowledge Centre / The people in the process
What does the merchant banker do?
Who does what, and who sits on your side.
The merchant banker manages the issue. It carries out due diligence, drafts and files the offer document, coordinates the other intermediaries, takes the issue to investors and gives a due diligence certificate to SEBI or the exchange.
The company, its directors and its promoters remain responsible for what the offer document says.
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General information, not legal or investment advice. Rules as at 2 November 2026.
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